Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media reports about the investigations into CEO Harald Neumann. These investigations were initiated in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) and involved more than 100 individuals, including Neumann and the controlling shareholder Novomatic AG. Ainsworth has communicated these matters to gaming regulators since becoming aware of them in 2019.
The investigations were disclosed to regulators, but the Board determined there was no need to announce this to the market as the allegations were reportedly unsubstantiated. Ainsworth maintains that Neumann was deemed suitable for the CEO position after thorough checks despite the ongoing inquiries.
Key Points
- Ainsworth acknowledged ongoing investigations involving CEO Harald Neumann that began in 2019.
- The company communicated with gaming regulators about these investigations once aware.
- Investigations related to Neumann and Novomatic AG are reportedly lacking in evidence.
- Neumann was determined suitable for his role after compliance checks.
- Most investigations have been discontinued by WKStA with no findings of wrongdoing.
Why should I read this?
If you’re interested in the intersection of corporate governance and regulatory scrutiny, this article sheds light on important compliance matters facing Ainsworth. Neumann’s situation raises questions about corporate leadership integrity and how companies navigate legal challenges—definitely worth a read if you want to stay informed!